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UK-headquartered DL Hudson has filed for administration after a long-running dispute with receivables finance provider Artis Finance, which the commodity trader said is a voluntary move ahead of an anticipated acquisition. DL Hudson filed an administration application in London on November 12, alongside Rektron AQ, an acquisition vehicle that took over the trader in 2018…
Users of car sharing service Mevo are gutted the company’s gone into voluntary administration, saying it’s a cost-effective and climate-conscious choice that’s served them well for years. The Wellington-based company had cars in the capital as well as Auckland, Hamilton and Nelson. Regular customers and the administrators, are hoping it’ll come out the other side.…
PwC’s latest Insolvency Barometer for quarter 1 (Q1) 2026, analysing insolvencies for the Republic of Ireland, published today, reveals insolvency levels to be remarkably steady. PwC’s latest Insolvency Barometer shows that there were 212 insolvencies recorded in the first quarter of this year. This is broadly in line with the recent quarterly average of approximately 205…
(Pic: RollingNews.ie) Business-services firm PwC says that insolvencies in Ireland in the first three months of this year were broadly consistent with average figures over the past three years. Its figures show that there were 212 business failures in the first quarter (Q1) – in line with the quarterly average of 205 recorded since 2023.…
The Star Entertainment Group announced in an ASX release that it has completed the previously announced disposal of its interest in Destination Brisbane Consortium (DBC). The deal, which sees The Star sell its stake in Queen’s Wharf Brisbane, has some downsides, but will ultimately reduce The Star’s debt amid a turbulent period. The Star Exits…
Jon Adgemis, whose pub empire failed last year in one of the biggest personal bankruptcies ever, could be publicly grilled by liquidators over a debt pile that reached beyond $1.8 billion as the trustee of his estate investigates tax refunds paid to the former KPMG dealmaker’s companies. BRI Ferrier, the firm that now controls several…
Antonio Guillem/Shutterstock Gambling nearly cost Saul Malek, 28, his life, he told students at University High School in Ohio. At just 21 years old, he was $25,000 in debt and contemplating suicide – a near-miss that followed years of problem gambling beginning with a $10 bet he made on a baseball game as a teenager.…
Going forward, the company will operate under the name LEUNA-Polyamid GmbH. The acquiring entity is taking over the operations and real estate in Leuna as well as 436 of the most recent 500 employees approximately. The insolvency administrator reached an agreement with the works council on a reconciliation of interests, including a social compensation plan. …
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